Dylan Tokar

Under a three-year pilot program, tipsters who turn over original information about a crime by their employer or another company will be eligible for a cut of any assets forfeited as a result.

Truist, TD Bank are among those fined—the latest in a wave of enforcement actions against traders’ use of messaging apps such as WhatsApp.

The tractor company agreed to pay nearly $10 million to settle foreign bribery claims by the U.S. Securities and Exchange Commission.

U.S. prosecutors have alleged that TD was reckless in failing to build and maintain systems that flagged and prevented money-laundering.

TD Bank’s $3 billion in penalties show the high price banks can pay if they fail to comply with anti-money-laundering regulations designed to stop criminal groups from moving the proceeds of drug sales and other illicit activity through the financial system.

TD Bank’s $3 billion settlement over money-laundering failures has underscored the difficulty banks have in preventing financial crimes. Banking groups say regulators haven’t gone far enough with a proposal to reform the financial system’s safeguards.

The settlement resolves a federal probe that was opened after a lawsuit in California accused the defense contractor of funneling $1.9 million in bribes to a brother of Qatar’s emir.

A U.S. consumer finance watchdog finalized rules that will allow customers to transfer their bank data to another bank without having to pay fees or clear other hurdles designed to make such a switch difficult.

The Consumer Financial Protection Bureau is considering taking action against Facebook parent Meta Platforms over its use of financial data from third parties, a move that would extend the agency’s oversight into a new industry.

Donald Trump’s return to the White House is expected to be largely positive for big banks and Wall Street: Regulatory hurdles to large deals, including for Big Tech, are likely to subside. Corporate taxes are likely to remain low, spurring business for banks. Trump’s push for lower interest r